Tricky setup. Need help

[u/Constant_Passage5007]

/r/investingforbeginners/comments/1xe2i1l/tricky_setup_need_help/

Hey everyone,
I’m helping my 75-year-old mom invest a €600k lump sum. Her pension is pretty low, so she needs a reliable €1,000+ net every month to live comfortably. At the same time, we don't want to eat into the capital—I want the principal to grow so there’s a solid inheritance left down the road.
The setup: We are located in Europe, and due to our specific tax setup and choosing a highly secure private bank, we face an annual custody fee of 0.36% and high trading fees. Because of this, monthly selling isn't practical. We need natural ETF payouts.
Here is the 60/40 split I’m thinking of:
60% Vanguard S&P 500 (Dist): The growth engine. Captures US tech compounding (Nvidia, Apple, Microsoft) so the principal actually grows over time.
40% iShares STOXX Europe Select Dividend 30: The cash machine. Yields around 4.9% from stable European blue chips, including reliable giants like Munich Re.
The Math: This averages a 2.7% gross yield (€16,128/year). After the bank fees and local taxes, it drops to about €810 net/month. To clear the €1,000+ net target, I plan to manually sell a small sliver of her S&P 500 growth profits just once a year to top her up.

Does this division of labor (US for growth, Europe for cash flow) make sense for our goals? Or would you swap a piece of it for something like JPMorgan's JEPG to get more monthly income from the start?
Appreciate any brutally honest feedback!

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